Tesla, Inc. $TSLA Stake Raised by Rational Advisors Inc.

Key Points

• Rational Advisors Inc. increased its Tesla holdings by 37.5%, owning 2,964 shares valued at approximately $942,000 as of their latest SEC filing.
• Tesla's stock is currently trading at $433.72 and was recently reported to have a market capitalization of $1.44 trillion.
• Following the recent earnings report, Tesla posted $0.50 EPS which exceeded forecasts, with revenue up 11.6% year-over-year to $28.10 billion.

Rational Advisors Inc. boosted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 37.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,964 shares of the electric vehicle producer's stock after buying an additional 808 shares during the quarter. Rational Advisors Inc.'s holdings in Tesla were worth $942,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TSLA. Arcadia Investment Management Corp MI purchased a new position in Tesla in the 1st quarter worth about $27,000. Chelsea Counsel Co. raised its holdings in shares of Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 40 shares during the period. Centennial Bank AR lifted its position in shares of Tesla by 833.3% in the 1st quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer's stock valued at $29,000 after acquiring an additional 100 shares in the last quarter. LGT Financial Advisors LLC acquired a new position in Tesla in the 2nd quarter worth approximately $29,000. Finally, Compass Wealth Management LLC raised its stake in Tesla by 360.0% during the 1st quarter. Compass Wealth Management LLC now owns 115 shares of the electric vehicle producer's stock valued at $30,000 after purchasing an additional 90 shares during the period. 66.20% of the stock is owned by institutional investors.

Tesla Stock Down 3.4%

Shares of TSLA stock opened at $433.72 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.07. The stock's 50 day simple moving average is $398.06 and its 200 day simple moving average is $339.92. The company has a market capitalization of $1.44 trillion, a price-to-earnings ratio of 289.15, a PEG ratio of 16.13 and a beta of 2.08. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The firm had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business's revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. As a group, research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TSLA shares. CICC Research increased their price objective on Tesla from $360.00 to $450.00 and gave the stock an "outperform" rating in a research note on Thursday, September 18th. Truist Financial raised their price target on shares of Tesla from $280.00 to $406.00 and gave the stock a "hold" rating in a report on Thursday. Piper Sandler upped their price objective on shares of Tesla from $400.00 to $500.00 and gave the company an "overweight" rating in a research note on Monday, September 22nd. Baird R W upgraded shares of Tesla from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 19th. Finally, Cantor Fitzgerald set a $510.00 price target on shares of Tesla in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have assigned a Hold rating and eleven have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $380.03.

Insider Activity at Tesla

In other news, Director James R. Murdoch sold 60,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the completion of the sale, the director directly owned 637,031 shares of the company's stock, valued at approximately $269,260,263.08. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at $3,473,057.28. This trade represents a 20.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 202,606 shares of company stock worth $75,588,902 in the last 90 days. 19.90% of the stock is owned by company insiders.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

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